Worth $100.6 Billion, Mukesh Ambani Enters Exclusive 'Global Club' of 11

Ambani is now worth $100.6 billion, after his wealth increased by $23.8 billion this year.
The Quint
Business
Published:

According to the Bloomberg Billionaires Index, Ambani is now worth $100.6 billion, after his wealth increased by $23.8 billion this year.

|

(Photo Courtesy: Reuters)

<div class="paragraphs"><p> According to the Bloomberg Billionaires Index, Ambani is now worth $100.6 billion, after his wealth increased by $23.8 billion this year.</p></div>

What's common between Mukesh Ambani, Jeff Bezos and Elon Musk? They for sure are big-ticket billionaires, but what ties them together is their presence in an imagined club of global individuals with a fortune north of $100 billion or more.

In short, the 64-year-old Ambani, who's also Asia's richest, has now entered an imagined group of 11 men worth $100 billion or more, after the former's Reliance Industries witnessed a record jump in stock prices on Friday, 8 October.

According to the Bloomberg Billionaires Index, Ambani is now worth $100.6 billion, after his wealth increased by $23.8 billion this year.

Ambani had inherited his late father's oil-refining and petrochemicals businesses in 2005 and has since expanded his empire by foraying into sectors like retail, technology, and e-commerce. Started in 2016, his business' telecommunications arm, popularly known as Jio, is the dominant service provider in India.

Ambani's retail and technology ventures raised about $27 billion last year, selling stakes to investors ranging from Facebook and Google to KKR & Co and Silver Lake.

The Pecking Order of Wealth 

But who are the other 10 billionaires in the exclusive club? Here's a cue from the Bloomberg Billionaires Index.

Elon Musk – $222.1 Billion

Jeff Bezos – $190.8 Billion

Bernard Arnault – $155.6 Billion

Bill Gates – $127.9 Billion

Larry Page – $124.5 Billion

Mark Zuckerberg – $123.0 Billion

Sergey Brin – $120.1 Billion

Larry Ellison – $108.3 Billion

Steve Ballmer – $105.7 Billion

Warren Buffett – $103.4 Billion

Mukesh Ambani – $100.6 Billion

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Published: undefined

SCROLL FOR NEXT